Despite being closed on Monday, U.S. markets had a relatively quiet day Tuesday.
The Dow lost about 24 points to close at 16,130.40. The S&P was up 0.1%, or about two points, to 1,840.76 and the NASDAQ saw a sharp rise to finish 0.7% higher at 4,272.78.
Wednesday morning, U.S. markets are trending lower. The Dow is indicated down about 21 points while the S&P is four points lower. The NASDAQ is trending down about six points.
Investors will have eyes on Tesla as it reports its fourth-quarter earnings.
Top Stories
- At least 25 killed in violent clashes between protesters and police in Ukraine.
- Herbalife (HLF) rose more than 10% after better than expected earnings.
Asian Markets
The Shanghai Composite rose to a two month high while other markets were mixed. The Nikkei was down about 0.5% to close at 14,776.53 and the Hang Seng was up nearly 0.3% to finish at 22,664.52.
The Shanghai Composite closed 1.1% higher at 2,142.55 and the Kospi was 0.2% lower closing at 1,942.93.
European Markets
Europe is mixed this morning as world markets await the minutes from the most recent meetings of the U.S. Federal Reserve and the Bank of England. The FTSE is 0.2% lower at 6,784.95 and the DAX is 0.2% lower at 9,634.85. Finally, the CAC is 0.1% lower at 4,324.70.
Commodities
Commodities are mixed. WTI is up about 0.2% at $102.65 while Brent is down 0.3% at $110.16. Natural gas is four% higher at $5.77 as the rally continues.
Gold is down about 0.4% at $1,318.70 and silver is lower by about 0.5% at $21.77. Copper is unchanged at $3.28.
Currencies
The euro is flat against the dollar at 1.374 and the dollar is about 0.2% lower against the yen at 102.07
The pound is 0.1% lower against the dollar at 1.667 and the Aussie dollar is at 0.903 against the dollar—up about 0.1%.
Pre-Market Movers
- Semiconductor Manufacturing International (SMI) is down 19% while Blucora (BCOR) is down 15%. Ellie Mae (ELLI) is down more than nine% and Livedeal (LIVE) is down another nine% from yesterday.
- Forest Labs (FRX) is indicated 33% higher and Actavis (ACT) is up 12%.
Earnings reports from Tuesday:
- Duke Energy (DUK) reported fourth quarter EPS of $0.95, missing the consensus estimate of $1.00. Revenue of $6.15 billion missed the consensus estimate of $6.32 billion.
- Coca-Cola (KO) reported fourth quarter EPS of $0.46, in-line with the consensus estimate. Revenue of $3.5 billion missed the consensus estimate of $3.58 billion.
The following companies will report today:
- Devon Energy (DVN) is estimated to report its Q4 earnings at $1.08 per share on revenue of $2.69 billion.
- MGM Resorts International (MGM) is estimated to report a Q4 loss at $0.01 per share on revenue of $2.46 billion.
- Tesla Motors (TSLA) is expected to post its Q4 earnings at $0.21 per share on revenue of $677.36 million.
To read today’s full earnings calendar, click here.
Economics
Housing starts hit the market at 8:30 AM ET along with the Redbook at 8:55. Most notable, the FOMC minutes will be released at 2:00 PM ET.